discoverIE Group (LON:DSCV) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 685 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 15.95% from the company’s previous close.

Several other brokerages have also recently weighed in on DSCV. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research note on Tuesday, June 23rd. Peel Hunt restated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday, July 24th. Finally, Berenberg Bank upped their price objective on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 916.88.

discoverIE Group Stock Performance

Shares of LON DSCV opened at GBX 815 on Thursday. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 917. The firm has a market capitalization of £783.44 million, a price-to-earnings ratio of 27.72 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The firm has a 50 day moving average of GBX 809.29 and a 200 day moving average of GBX 726.85.

About discoverIE Group

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial use. The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally, with a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation, security, and industrial & connectivity.

The Group employs c.4,500 people across 20 countries. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.